Paul Volcker at Harvard Law School

Professor Malcolm S. Salter, James J. Hill Professor of Business Science, discusses financial reform legislation and the banking system crash with Paul Volcker, the former Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan, as well as the Chairman of the Economic Recovery Advisory Board under President Barack Obama. The two spoke about the Dodd-Frank Wall Street Reform, as well as the specific provision dubbed the "Volcker Rule", which restricts U.S. banks from making speculative investments.